Is 11001, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11001 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 11001 has remained a Seller's Market.

Key Takeaway

11001 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 11001, NY

How much do homes in 11001, NY cost?

Median Sold Price

$760,000

$500/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$30,000(+4.1%)

Key Takeaway

Homes in 11001 have sold for 4.1% more than they did a year ago.

Summary: The median home sold price in 11001 was $760,000 in October 2024, up 4.1% from last year, and the median price per square foot was $500.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $242K$305K
+26.0%
2 $547K$553.5K
+1.2%
3 $710K$732.8K
+3.2%
4 $765K$847K
+10.7%
5+ $950K$922.5K
-2.9%

Summary: 11001 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26%, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes decreased by 2.9%.

Median Sold Price Compared To Nearby Zip Codes

11429
+9.4%
11003
+8.9%
11426
+4.4%
11001
+4.1%
11004
0.5%

Housing Supply in 11001, NY

How many homes are available in 11001, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
103113+9.7%

Summary: The 11001 real estate market had 113 homes for sale in October 2024, a 9.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 44
0.0%
2 55
0.0%
3 4351
+18.6%
4 3437
+8.8%
5+ 1716
-5.9%

Summary: The 11001 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 18.6%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes decreased by 5.9%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1422+57.1%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11001, you may be able to get a good deal. 40.9% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in 11001 in October 2024, up by 57.1% month-over-month. Of the 22 sold homes, 41% were sold under asking, 18% were sold at asking, and 41% were sold over asking.

Days on Market for 11001, NY

How long does it take to sell a home in 11001, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
56 Days37 Days-33.8%

Summary: Homes in 11001 had an average of 37 days on market in Oct 2024, down by 33.8% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 11001 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 22 homes were sold in 11001; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in 11001, NY

Nearby Markets to 11001, NY